Arab Republic of Egypt : 2017 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt
Electronic Access:
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Summary:
Following a build-up of macroeconomic imbalances that had resulted in declining growth, rising debt, and a widening current account deficit, the Egyptian authorities undertook decisive policy actions since the launch of the reform program in November 2016. These efforts are increasingly yielding results in terms of restored market confidence, strengthening growth momentum, a narrowing of budget and current account deficits, and adequate foreign exchange reserves. Sustaining the reform effort will help secure macroeconomic stabilization and unlock Egypt’s potential for higher growth and much needed job creation.
Series:
Country Report No. 18/14
Subject:
Article IV consultation reports Central Banks Current account deficits Economic reforms Egypt Employment Extended arrangement reviews Extended Fund Facility Financial and Monetary Sector Financial soundness indicators Fiscal reforms Fiscal sector Flexible exchange rates Letters of Intent Monetary policy Performance criteria modifications Press releases Social safety nets Staff reports
English
Publication Date:
January 22, 2018
ISBN/ISSN:
9781484338117/1934-7685
Stock No:
1EGYEA2018001
Format:
Paper
Pages:
107
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